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| Remittance Management |
| Improve the accuracy and consistency of cash and adjustment posting for proper A/R management and accelerate billing of secondary claims. |
- Manages the retrieval and processing of electronic remittances from third party payers
- Enables central management of 835 files across all payers:
- Translates 835 files into client-specific service codes for effective postings
- Provides real-time access to an EOB database, for easy retrieval and research
- Automates the accuracy of posting of cash, adjustments, patient liability amounts and remittance codes to the patient accounts
- Maximizes staff resources, increases efficiency of existing business processes, improves accuracy and minimizes amount of rework required
- Reduces cost and delays associated with physical storage of paper EOBs and vouchers
- Reconciles all remittances with the originating claim
- Automatically generates secondary claims:
- Attaches the primary EOB to claims for secondary payers
- Places secondary claims into a work queue for submission to payers
- Performs secondary payer edits for HIPAA compliance
- Delivers reports on payer payment trends, allowing financial managers to review payer performance and identify problem areas for resolution.
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Improve your
Operating Margins
MedAssets improves
and sustains
operating margins
by 1.5% to 5%.
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